Today the only bright side to the share price of Nbs is the big buying from the instos. After midday the buying picked up, and towards 1 pm it increased even more right to the close of day at 3.56pm which two large transactions occur. These pattern all reflect instos buyers. They like to buy big at the close of day after they have analyst course of day trading.
The share price may have dropped to 34 cents, but only a small amount of shares exchanged at that level. They may have been more sellers than buyers, but most of the shares for sale are way out from the closing price.
At this level, Nbs is cheap. Debt free, cashed up and more cash pending which we all eagerly anticipating. Compare to the other asx companies which had rallied hard but have not shown a positive balance sheet, or just a speculative explorer, their risk proposition are far greater than Nbs.
All Nbs need is positive news flow which will translate into confidence which this company dearly need atm.
These are just my own opinion, please invest wisely with you hard earned cash.
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